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Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
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Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
Astronauts to make quickest trip ever to ISS in DecemberScience & Space September 22, 16:27
SOCHI, September 27 (Itar-Tass) - Stagnation in the Russian economy is more dangerous than a crisis, Economic Development Minister Alexei Ulyukayev said on Friday while speaking to reporters on the margins of the Sochi 2013 Investment Forum on the Black Sea coast.
“What I’m actually saying is we’re not on the threshold of a crisis, we are in the phase of stagnation,” he said. “From my angle of view, that’s worse than a crisis because the latter is a situation you can find yourself in and then pull out of it while stagnation is a situation with aftermaths that are difficult to figure out,” Ulyukayev said.
Ulyukayev said recently that Russia had been producing the worst economic indicators since the global financial and economic crisis erupted in 2008.